NKE Prepares to Meet Future Challenges in Bearings Market
Thomas Witzler, general manager of NKE, recently talked about the strategic outlook and plans of the Austrian company in the coming years.
According to Witzler, the bearings market is facing a radical change in the next five to ten years. In particular, the automotive market will come under pressure from the growing trend towards electric mobility and the reduced demand for conventional bearings.
NKE is investing heavily in the technologies of tomorrow. Because conventional bearing technology is mostly at its limits, profitable growth will, in the long term, be possible only in niche markets. NKE is therefore focusing on the development of intelligent products, like its sensor bearing.
“We are aiming for a profitability of at least ten percent. In addition to customer service, we will also further enhance our flexibility and speed, and aim to generate turnover of 200 million euros in the Fersa Group. In the medium term, this will be achieved both through organic and inorganic growth,” Witzler said.
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